Proton Power Systems (GB:PPS) has released an update.
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Proton Motor Power Systems, a leading designer and producer of zero-carbon fuel cells, has announced plans for potential layoffs at its Puchheim office amidst efforts to secure financing for continued operations beyond the end of 2024. Despite the financial challenges, the company will still honor existing customer orders, but will halt new contracts pending resolution of its financial situation. The company is actively seeking alternative financial solutions to prevent a complete wind-down of operations.
For further insights into GB:PPS stock, check out TipRanks’ Stock Analysis page.
